Intimation of Notice along with the Annual Report of 38th Annual General Meeting('AGM') of the Company under Regulation 30 of the SEBI (Listing Obligations andDisclosure Requirements) Regulations, 2015
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IREDA has notified the 38th AGM to be held on August 7, 2025 at 11:30 AM via video conferencing, along with the FY25 Annual Report being sent electronically to members. Remote e-voting runs from August 4 to August 6, 2025, with July 31, 2025 as the cut-off date. Key special businesses include seeking shareholder approval to raise the company's borrowing limit to ₹1,50,000 crore (currently capped at 15 times net worth, which was set in 2017), appointment of two Independent Directors, ratification of Cost Auditor remuneration, and appointment of a new Secretarial Auditor for 5 years. The Annual Report highlights FY25 as a record year: highest-ever sanctions of ₹47,453 crore and disbursements of ₹30,168 crore. Loan book grew to ₹76,281.65 crore (from ₹59,698 crore in FY24), profit after tax rose to ₹1,698.60 crore (from ₹1,252.23 crore), and EPS climbed to ₹6.32 (from ₹5.16). The company also received Navratna CPSE status in 2025 and a BBB- (Stable) international rating from S&P.
The proposed borrowing limit increase to ₹1.5 lakh crore signals significant expansion plans and could substantially accelerate loan book growth, which already jumped ~28% YoY in FY25. For shareholders, this AGM is largely procedural but the borrowing resolution is the most consequential item — it provides the capital headroom for IREDA to scale up renewable energy financing aggressively in coming years.